The feature provides a death benefit even if contract value depletes, reflecting shifting retiree priorities identified in the insurer’s 2026 study.
Allianz Life Insurance Company of North America (Allianz Life) has added an optional rider aimed at providing both lifetime income and a protected death benefit to its registered index-linked annuity (Rila) lineup with the launch of the Legacy+ Income Benefit. The move aligns with the findings of the 2026 Annual Retirement Study The benefit ensures that a Legacy Value equal to 50% of the accumulated contract value at the time income begins remains available to beneficiaries, even